TMS Management, LLC 401(k) Review & Grade
Tmsfilterbuy 401(k) Plan
Talladega, ALWholesale Trade548 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$310Employer $ per active participant
$616Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$2.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.3 / 505th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 64th |
| Employee saving | 1th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- TMS Management put in about $310 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $169,893 |
| Participant (employee) contributions | $337,825 |
| Other contributions (incl. rollovers in) | $130,425 |
| Administrative expenses paid from the plan | $2,778 |
| Benefits paid out | $61,745 |
| Net assets, start / end of year | $1.5M / $2.3M |
| Active participants, start / end of year | 496 / 600 |
| Participants with account balances | 68 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250729133016NAL0001643091001, received 2025-07-29, EIN 82-3713087, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.